Dow is down over 300 Points | TigerDroppings.com

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CajunTigerBabe
LSU Fan
Lafayette
Member since Sep 2012
207 posts

Dow is down over 300 Points



I guess the financial industry didn't like the election results.






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LSUTOM07
LSU Fan
Baton Rouge
Member since Dec 2011
508 posts

re: Dow is down over 300 Points


Questions about tax hikes at the end of the year and cuts in government spending leave a lot of uncertainty in the market





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Ray Finkle
LSU Fan
collier county
Member since Sep 2007
902 posts

re: Dow is down over 300 Points


I have a people a ton of selling is about to happen. Cap gains taxes are never going to be this low again. There will be at least a 3.8% increase to pay for part of the Obamacare program.

This'll put even more cash on the sideline and hurt the market more.






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CajunTigerBabe
LSU Fan
Lafayette
Member since Sep 2012
207 posts

re: Dow is down over 300 Points


Interest rates are going down. I guess everyone will be able to buy a house for free now!





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OFWHAP
LSU Fan
Member since Sep 2007
5086 posts

re: Dow is down over 300 Points


quote:

Questions about tax hikes at the end of the year and cuts in government spending leave a lot of uncertainty in the market


In addition the divided government will make the fiscal cliff harder to deal with.






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
22067 posts

re: Dow is down over 300 Points


Meh. It's a 2% sell off for a major event finally happening. "buy on rumor, sell on news". That is all that is occuring. I'll take a friendly wager that it is back to Tuesday's close in less than 30 days.





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Larry Hollins
LSU Fan
Member since Jul 2009
1545 posts

re: Dow is down over 300 Points


Europe is the big problem here guys. its getting worse. U.S. President and congress can't fix that.





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Janky
LSU Fan
Team Primo
Member since Jun 2011
8977 posts
 Online 

re: Dow is down over 300 Points


quote:

U.S is the big problem here guys. its getting worse. U.S. President and congress can't fix that.


FIFY






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OFWHAP
LSU Fan
Member since Sep 2007
5086 posts

re: Dow is down over 300 Points


This is true, but the President and Congress need to come together and fix these automatic spending increases and expiring tax cuts that will put a nice little dent in our GDP growth (which will then put a dent in tax revenue).





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Jed Zeppelin
Ball State Fan
Maurice
Member since Feb 2010
1021 posts

re: Dow is down over 300 Points


C, I unloaded 300 shares of Apple today. I cant take the pain any longer. I still have 200. It has been getting smoked lately, and thats in my retirement account. Hope you are right about the market coming back by next week.





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fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
19416 posts

re: Dow is down over 300 Points


The only two stocks I own are Yahoo and GG. Picked up yahoo back in Sept, been adding GG the pass couple years buying on it's dip and I have a shite load of it. But I'm real good on both. I will be dumping everything before the end of the year.





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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
120818 posts

re: Dow is down over 300 Points


I picked up 145 shares of an aggressive Nasdaq ETF after it fell off about 8% early in the trading day

I'm going to sit on it for a few weeks and make a cheap buck hopefully






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
22067 posts

re: Dow is down over 300 Points


quote:

Hope you are right about the market coming back by next week


Man never bet on me! I'm making no long term projections, just that I doubt there has been a major change in market conditions. The same president. The same congress. And all the polls were pointing toward an Obama win (despite what many including myself thought may have been biased)






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Jed Zeppelin
Ball State Fan
Maurice
Member since Feb 2010
1021 posts

re: Dow is down over 300 Points


quote:

Man never bet on me!


Na, just respect your opinion on some things on the board.






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
22067 posts

re: Dow is down over 300 Points


quote:

just respect your opinion on some things on the board.








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Icansee4miles
LSU Fan
Trolling the Tickfaw
Member since Jan 2007
15503 posts

re: Dow is down over 300 Points


Anybody surprised by this wasn't paying attention. The markets MIGHT come back up once BHO resumes the overtime operations of the government printing presses, but once he shows his true colors with an all-out war on the energy and petrochemical sector and anyone else producing a product, we are in for a really bad time of it.

(Disclaimer-by "we" I mean people that actually work for a living and not on the government dole)






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BennyAndTheInkJets
Arkansas Fan
NYC / Orange County
Member since Nov 2010
4047 posts

re: Dow is down over 300 Points


quote:

The markets MIGHT come back up once BHO resumes the overtime operations of the government printing presses, but once he shows his true colors with an all-out war on the energy and petrochemical sector and anyone else producing a product, we are in for a really bad time of it.



The Federal Reserve prints currency. The Treasury issues debt.

The Fed =/= Government.






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kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
19856 posts

re: Dow is down over 300 Points


quote:

Dow is down over 300 Points


Obama's America.






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Blakely Bimbo
Alabama Fan
Member since Dec 2010
1113 posts

re: Dow is down over 300 Points


I don't think it was the election as much as EUR/USD. Market started tanking about the time Draghi Spoke this morning and the Euro fell.

Could be some cap gains selling although we did ours months ago.






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dewster
Maryland Fan
Member since Aug 2006
9182 posts

re: Dow is down over 300 Points


What's the best way to prepare for the "fiscal cliff"? I just don't see compromise happening.





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